Filed August 14, 2023
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $113,144 |
Service code 49 · EIN 52-2114207 | Other Services | $29,247 |
INVESTMENT ADVISORS CORP1 year Filed as: H & H INVESTMENT ADVISORS Service code 27 · EIN 06-1461865 | Advisory (Plan) | $4,676 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $99,009 | $86,897+13.9% | $151,611-34.7% | $64,808+52.8% |
| Participation rate | 78.1% | 87.3%-9.2pp | 87.5%-9.4pp | 71.5%+6.6pp |
| Annual return | -13.50% | -3.57%-9.9pp | 3.33%-16.8pp | 32.82%-46.3pp |
| Employer contribution / active EE | $1,450 | $4,010-63.8% | $6,166-76.5% | $2,506-42.1% |
| Participant deferral / active EE | $4,787 | $6,690-28.4% | $8,363-42.8% | $4,310+11.1% |
| Admin fee / account holder | $345 | $153+125.2% | $11,616-97.0% | $188+83.4% |